Memory's Storehouse Unlocked, True Stories: Pioneer Days In Wetmore and Northeast Kansas — John Locke — John Shaqi
Memory's Storehouse Unlocked, True Stories: Pioneer Days In Wetmore and Northeast Kansas
John Locke · en
The man who had taken matters in his own hands and helped put over the
vote for the increase of capital stock without the formality of first
finding out what it was all about, popped up and said, “You had no right
to tell them that.” He insisted that I should make the complaint. And
the surprising thing is, he had some supporters. There were some hard
losers in the group. I had not made the investigation with the intention
of filing a complaint—wouldn’t have accepted the assignment had it
carried any such provision. I don’t like fussing.
Then, too, the president and the land owner had not solicited me to buy
stock, nor made promise to me that the fund would be used to complete
the well. Their contact had been with Dr. Lapham and other members of
the group. I went in with them solely because my neighbors had invited
me to join them, and because I didn’t want to stand idly by—and watch
them make a “killing.” However, on invitation, I went up to Dr. Lapham’s
office at the virtual close of a “pep” meeting, after the check-writing
had begun. I asked for information as to how the company was
organized—particularly as to whether or not the stock was
non-assessable? The president and the land-owner really didn’t know.
But they went to Topeka the next day and secured a transcript of the
incorporation papers, which were acceptable. And I was invited to
go before the adjourned meeting the following evening, and voice my
approval. Then the check writing was resumed.
Also, my conscience told me, in a flash, that it would be a rather
poor spirited person who should wish to send his neighbor “up” for the
mistake of keeping bad company. It looked as if our old farmer-neighbor
had been caught in between two fires, and didn’t know which way to
“jump”—or worse still, that there was now no open way out. Thus, it may
be said, that our old Bancroft farmer-friend, in his most uncomfortable
position, was comparable to the banker held as hostage by a bold gang of
robbers who had just looted his bank. I know. I spent two days with the
dispirited old man in the oil field.
The Blue Sky Board was fostered to check on promotions whose stocks
were strongly, if not wholly, tinctured with the azure blue. Along about
1905-06-07 questionable promotions—mostly mining—sprang up all over the
country. Kansas City had several going full blast at one time. I had
occasion to call on one of them; had arranged the meeting through
correspondence. I entered a very large room where perhaps thirty or
forty girl-typists were busily preparing literature to be sent out by
mail to inquirers secured through newspaper advertisements. The
printed portion of the literature had been prepared by “experts”
copy-writers—and it is surprising how those fellows could make an
inferior proposition appeal to the gullible.